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Is Montrose, SD 57048 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Montrose is a seller’s market. With about 1.3 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.7%Sold price ÷ list price
Median days on market69Listing to accepted offer
Median price per sq ft$172▼ −27.1% vs. last year

Run the numbers for 57048

Prefilled for 57048Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57048Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bridgewater 57319Buyer’s market $102 /sq ftCanistota 57012Buyer’s market $199 /sq ftMonroe 57047Seller’s market $64 /sq ftSalem 57058Buyer’s market $132 /sq ft Browse all markets →

More tools for 57048

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology